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Nihon M&A Center

TSE:2127
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2127
TSE
¥600B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Nihon M&A Center Inc. provides M&A support services for small and medium-sized companies in Japan and internationally. The last earnings update was 7 days ago. More info.


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2127 Share Price and Events
7 Day Returns
-7.2%
TSE:2127
-2%
JP Professional Services
-2.7%
JP Market
1 Year Returns
27.1%
TSE:2127
31.8%
JP Professional Services
4.3%
JP Market
2127 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nihon M&A Center (2127) -7.2% -8.3% 1.9% 27.1% 113% 282.3%
JP Professional Services -2% 1.6% 7.7% 31.8% 106.2% 209.3%
JP Market -2.7% -4% -0.9% 4.3% 8.9% 14.7%
1 Year Return vs Industry and Market
  • 2127 underperformed the Professional Services industry which returned 31.8% over the past year.
  • 2127 outperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
2127
Industry
5yr Volatility vs Market

2127 Value

 Is Nihon M&A Center undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nihon M&A Center to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nihon M&A Center.

TSE:2127 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSE:2127
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.838 (1 + (1- 30.86%) (0.33%))
0.893
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.893 * 6.33%)
5.56%

Discounted Cash Flow Calculation for TSE:2127 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nihon M&A Center is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSE:2127 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.56%)
2020 11,393.91 Analyst x1 10,793.80
2021 13,909.31 Analyst x1 12,482.70
2022 16,322.38 Analyst x1 13,876.75
2023 17,276.74 Est @ 5.85% 13,914.49
2024 17,979.18 Est @ 4.07% 13,717.56
2025 18,486.03 Est @ 2.82% 13,361.40
2026 18,845.84 Est @ 1.95% 12,904.02
2027 19,097.51 Est @ 1.34% 12,387.62
2028 19,270.88 Est @ 0.91% 11,841.70
2029 19,388.14 Est @ 0.61% 11,286.25
Present value of next 10 years cash flows ¥126,566.00
TSE:2127 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥19,388.14 × (1 + -0.09%) ÷ (5.56% – -0.09%)
¥342,855.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥342,855.09 ÷ (1 + 5.56%)10
¥199,583.30
TSE:2127 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥126,566.00 + ¥199,583.30
¥326,149.30
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥326,149.30 / 163.05
¥2000.32
TSE:2127 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥2,000.32
Current discount Discount to share price of ¥3,680.00
= -1 x (¥3,680.00 - ¥2,000.32) / ¥2,000.32
-84%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nihon M&A Center is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nihon M&A Center's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nihon M&A Center's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:2127 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥63.45
TSE:2127 Share Price ** TSE (2020-02-20) in JPY ¥3680
Japan Professional Services Industry PE Ratio Median Figure of 81 Publicly-Listed Professional Services Companies 19.55x
Japan Market PE Ratio Median Figure of 3,059 Publicly-Listed Companies 15.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nihon M&A Center.

TSE:2127 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2127 Share Price ÷ EPS (both in JPY)

= 3680 ÷ 63.45

58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nihon M&A Center is overvalued based on earnings compared to the JP Professional Services industry average.
  • Nihon M&A Center is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Nihon M&A Center's expected growth come at a high price?
Raw Data
TSE:2127 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.2%per year
Japan Professional Services Industry PEG Ratio Median Figure of 40 Publicly-Listed Professional Services Companies 1.72x
Japan Market PEG Ratio Median Figure of 1,270 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

TSE:2127 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 58x ÷ 18.2%

3.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nihon M&A Center is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nihon M&A Center's assets?
Raw Data
TSE:2127 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥213.97
TSE:2127 Share Price * TSE (2020-02-20) in JPY ¥3680
Japan Professional Services Industry PB Ratio Median Figure of 88 Publicly-Listed Professional Services Companies 2.89x
Japan Market PB Ratio Median Figure of 3,556 Publicly-Listed Companies 1.08x
TSE:2127 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2127 Share Price ÷ Book Value per Share (both in JPY)

= 3680 ÷ 213.97

17.2x

* Primary Listing of Nihon M&A Center.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nihon M&A Center is overvalued based on assets compared to the JP Professional Services industry average.
X
Value checks
We assess Nihon M&A Center's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Nihon M&A Center has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2127 Future Performance

 How is Nihon M&A Center expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nihon M&A Center expected to grow at an attractive rate?
  • Nihon M&A Center's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Nihon M&A Center's earnings growth is expected to exceed the Japan market average.
  • Nihon M&A Center's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:2127 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:2127 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.2%
TSE:2127 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 16.1%
Japan Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
Japan Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSE:2127 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:2127 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 45,586 16,452 14,954 2
2021-03-31 38,876 13,070 12,470 3
2020-03-31 33,374 10,912 10,372 3
2020-02-20
TSE:2127 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 31,903 10,263
2019-09-30 31,781 10,057 10,178
2019-06-30 30,196 9,508
2019-03-31 28,463 6,914 8,867
2018-12-31 27,379 8,466
2018-09-30 25,454 5,969 8,052
2018-06-30 24,095 7,501
2018-03-31 24,625 9,813 8,146
2017-12-31 24,035 8,243
2017-09-30 22,316 8,846 7,432
2017-06-30 21,212 7,345
2017-03-31 19,069 7,769 6,174

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nihon M&A Center's earnings are expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
  • Nihon M&A Center's revenue is expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:2127 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Nihon M&A Center Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2127 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 91.85 96.70 87.00 2.00
2021-03-31 76.55 82.45 73.60 3.00
2020-03-31 63.68 66.61 61.87 3.00
2020-02-20
TSE:2127 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 63.45
2019-09-30 63.06
2019-06-30 59.11
2019-03-31 55.13
2018-12-31 52.64
2018-09-30 50.07
2018-06-30 46.65
2018-03-31 50.82
2017-12-31 51.58
2017-09-30 46.58
2017-06-30 46.00
2017-03-31 38.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nihon M&A Center is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Nihon M&A Center's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nihon M&A Center has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2127 Past Performance

  How has Nihon M&A Center performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nihon M&A Center's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nihon M&A Center's year on year earnings growth rate has been positive over the past 5 years.
  • Nihon M&A Center's 1-year earnings growth exceeds its 5-year average (21.2% vs 18.7%)
  • Nihon M&A Center's earnings growth has exceeded the JP Professional Services industry average in the past year (21.2% vs 13.8%).
Earnings and Revenue History
Nihon M&A Center's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nihon M&A Center Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2127 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 31,903.00 10,263.00 4,915.00
2019-09-30 31,781.00 10,178.00 4,744.00
2019-06-30 30,196.00 9,508.00 4,629.00
2019-03-31 28,463.00 8,867.00 4,578.00
2018-12-31 27,379.00 8,466.00 4,708.00
2018-09-30 25,454.00 8,052.00 4,408.00
2018-06-30 24,095.00 7,501.00 4,039.00
2018-03-31 24,625.00 8,146.00 3,890.00
2017-12-31 24,035.00 8,243.00 3,533.00
2017-09-30 22,316.00 7,432.00 3,384.00
2017-06-30 21,212.00 7,345.00 3,265.00
2017-03-31 19,069.00 6,174.00 3,044.00
2016-12-31 18,497.00 6,162.00 2,895.00
2016-09-30 18,215.00 6,249.00 2,836.00
2016-06-30 15,663.00 5,145.00 2,645.00
2016-03-31 14,778.00 4,840.00 2,457.00
2015-12-31 14,324.00 4,725.00 2,450.00
2015-09-30 13,586.00 4,602.00 2,248.00
2015-06-30 13,258.00 4,394.00 2,160.00
2015-03-31 12,227.00 3,950.00 2,042.00
2014-12-31 12,126.00 4,089.00 1,848.00
2014-09-30 11,901.00 3,917.00 1,756.00
2014-06-30 10,953.00 3,498.00 1,666.00
2014-03-31 10,547.00 3,344.00 1,608.00
2013-12-31 9,432.00 2,829.00 1,539.00
2013-09-30 8,098.00 2,378.00 1,502.00
2013-06-30 8,052.00 2,406.00 1,413.00
2013-03-31 7,214.00 2,074.00 1,321.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nihon M&A Center has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Nihon M&A Center used its assets more efficiently than the JP Professional Services industry average last year based on Return on Assets.
  • Nihon M&A Center's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nihon M&A Center's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nihon M&A Center has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2127 Health

 How is Nihon M&A Center's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nihon M&A Center's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nihon M&A Center is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nihon M&A Center's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nihon M&A Center's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nihon M&A Center Company Filings, last reported 1 month ago.

TSE:2127 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 34,934.00 2,000.00 25,333.00
2019-09-30 34,072.00 2,000.00 24,564.00
2019-06-30 27,963.00 2,500.00 18,742.00
2019-03-31 27,262.00 2,500.00 15,195.00
2018-12-31 25,815.00 3,000.00 14,002.00
2018-09-30 25,029.00 3,000.00 12,556.00
2018-06-30 22,124.00 3,500.00 10,242.00
2018-03-31 22,042.00 3,500.00 15,037.00
2017-12-31 21,151.00 4,000.00 17,079.00
2017-09-30 20,166.00 4,000.00 16,625.00
2017-06-30 17,383.00 4,500.00 15,554.00
2017-03-31 16,079.00 4,500.00 11,743.00
2016-12-31 15,131.00 5,000.00 14,591.00
2016-09-30 19,723.00 100.00 14,191.00
2016-06-30 17,079.00 100.00 10,384.00
2016-03-31 16,762.00 100.00 10,768.00
2015-12-31 15,880.00 100.00 9,606.00
2015-09-30 15,149.00 100.00 8,648.00
2015-06-30 13,945.00 100.00 6,947.00
2015-03-31 13,464.00 100.00 7,837.00
2014-12-31 12,632.00 100.00 11,279.00
2014-09-30 11,906.00 100.00 10,366.00
2014-06-30 10,880.00 100.00 9,569.00
2014-03-31 10,902.00 100.00 10,792.00
2013-12-31 9,997.00 100.00 9,530.00
2013-09-30 9,200.00 100.00 8,919.00
2013-06-30 8,556.00 100.00 7,976.00
2013-03-31 8,363.00 100.00 8,334.00
  • Nihon M&A Center's level of debt (5.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 5.7% today).
  • Debt is well covered by operating cash flow (502.9%, greater than 20% of total debt).
  • Nihon M&A Center earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Nihon M&A Center's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nihon M&A Center has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2127 Dividends

 What is Nihon M&A Center's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.63%
Current annual income from Nihon M&A Center dividends. Estimated to be 0.85% next year.
If you bought ¥2,000 of Nihon M&A Center shares you are expected to receive ¥13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nihon M&A Center's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.39%).
  • Nihon M&A Center's dividend is below the markets top 25% of dividend payers in Japan (3.1%).
Upcoming dividend payment

Purchase Nihon M&A Center before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:2127 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Japan Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 1%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2974 Stocks 2.4%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.4%
Japan Top 25% Dividend Yield 75th Percentile 3.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSE:2127 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 39.50 2.00
2021-03-31 31.00 3.00
2020-03-31 25.67 3.00
2020-02-20
TSE:2127 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 23.000 0.713
2019-04-26 23.000 0.830
2018-07-30 22.000 0.782
2018-04-27 22.000 0.649
2017-10-30 17.000 0.549
2017-06-23 17.000 0.700
2017-04-28 17.000 0.801
2016-10-28 6.750 0.398
2016-07-29 6.750 0.441
2016-06-24 13.500 0.822
2016-04-28 13.500 0.812
2016-01-29 10.000 0.684
2015-06-25 9.750 0.746
2015-04-30 9.750 0.852
2015-01-30 8.000 0.803
2014-07-30 8.000 0.961
2014-06-26 8.000 1.104
2014-04-30 8.000 1.228
2014-01-30 6.667 0.992
2013-11-13 5.000 0.844
2013-10-30 5.000 0.793
2013-06-26 5.000 0.924
2013-04-30 5.000 1.095
2013-02-08 5.000 1.551
2013-01-30 5.000 1.849
2012-11-08 4.167 1.780
2012-10-30 4.167 1.991
2012-07-30 4.167 2.177
2012-06-26 4.167 2.085
2012-04-27 4.167 2.193
2012-02-09 2.917 1.679
2012-01-30 2.917 1.851
2011-11-10 2.917 1.717
2011-10-27 2.917 1.587
2011-08-10 2.917 1.681
2011-07-29 2.917 1.765
2011-06-24 2.917 1.691
2011-04-28 2.917 1.822
2011-02-09 2.083 1.178
2011-01-28 2.083 1.294
2010-11-10 2.083 1.475
2010-10-28 2.083 1.689
2010-07-30 2.500 2.364
2010-06-24 2.083 1.784
2010-04-30 2.083 1.615
2010-02-10 2.083 1.548
2010-01-29 2.083 1.590
2009-11-12 2.083 1.412
2009-10-30 2.083 1.298
2009-06-24 2.083 1.321
2009-04-30 2.083 1.577

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nihon M&A Center is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Nihon M&A Center is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Nihon M&A Center's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Nihon M&A Center's dividends as it is not paying a notable one for Japan.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nihon M&A Center's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nihon M&A Center afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nihon M&A Center has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2127 Management

 What is the CEO of Nihon M&A Center's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Taku Miyake
COMPENSATION ¥148,000,000
AGE 67
TENURE AS CEO 11.7 years
CEO Bio

Mr. Suguru Miyake, also known as Taku, has been President and Representative Director of Nihon M&A Center Inc. since June 20, 2008, a firm he joined in September 1991. Mr. Miyake serves as Chief Executive Officer at Japan Investment Fund Co., Ltd. He also serves as an Advisor and Former Vice President and Director of Japan Private Equity Co., Ltd. since October 2000. Previously, Mr. Miyake joined Olivetti Corporation of Japan in April 1977. He was also the Chief Director of Sales at Japan Private Equity Co., Ltd. in June 2002 and Vice President and Chief Director of Sales at Nihon M&A Center, Inc. in June 2006. He served as the Managing Director of Nihon M&A Center Inc. in June 1993. Mr. Miyake has been Director of Japan Corporate Revitalization Support Platform since January 2005. He has been Director of Yano Research Institute, Ltd. since December 2007 and Director of Nihon M&A Center Inc. since June 1992.

CEO Compensation
  • Taku's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Taku's remuneration is lower than average for companies of similar size in Japan.
Management Team Tenure

Average tenure and age of the Nihon M&A Center management team in years:

9.7
Average Tenure
54.5
Average Age
  • The average tenure for the Nihon M&A Center management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Taku Miyake

TITLE
President & Representative Director
COMPENSATION
¥148M
AGE
67
TENURE
11.7 yrs

Takamaro Naraki

TITLE
VP, GM of Administrative Division & Director
AGE
57
TENURE
14.7 yrs

Masahiko Ohtsuki

TITLE
Senior MD & GM of Sales Division
AGE
49
TENURE
4.8 yrs

Takayoshi Ohyama

TITLE
MD & GM of Corporate Planning Division
AGE
52
TENURE
7.7 yrs

Kazuhiro Iino

TITLE
Chief of Corporate Planning Office & Senior Executive Officer

Yasunobu Watase

TITLE
Senior Managing Executive Officer & Overall Head of Corporate Strategy

Tsutomu Kokame

TITLE
Executive Officer

Yasuo Suzuki

TITLE
Executive Officer

Iwao Hirayama

TITLE
Executive Officer

Hachidai Sawamura

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Nihon M&A Center board of directors in years:

11.7
Average Tenure
62
Average Age
  • The average tenure for the Nihon M&A Center board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Yasuhiro Wakebayashi

TITLE
Chairman of the Board
COMPENSATION
¥115M
AGE
76
TENURE
11.7 yrs

Taku Miyake

TITLE
President & Representative Director
COMPENSATION
¥148M
AGE
67
TENURE
11.7 yrs

Takamaro Naraki

TITLE
VP, GM of Administrative Division & Director
AGE
57
TENURE
14.7 yrs

Takayoshi Ohyama

TITLE
MD & GM of Corporate Planning Division
AGE
52
TENURE
11.7 yrs

Naoki Shimada

TITLE
External Director
AGE
51
TENURE
18.4 yrs

Shinji Tamura

TITLE
Director
AGE
72

Naoki Kinoshita

TITLE
External Director
AGE
54

Yoshinori Yamada

TITLE
External Director
AGE
73
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (¥) Value (¥)
X
Management checks
We assess Nihon M&A Center's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nihon M&A Center has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2127 News

Simply Wall St News

2127 Company Info

Description

Nihon M&A Center Inc. provides M&A support services for small and medium-sized companies in Japan and internationally. Its support services include reorganization, capital policies, MBO, etc. The company also offers buy-side and sell-side advisory, and intermediary services. Nihon M&A Center Inc. was founded in 1991 and is headquartered in Tokyo, Japan.

Details
Name: Nihon M&A Center Inc.
2127
Exchange: TSE
Founded: 1991
¥600,018,097,280
163,048,396
Website: http://www.nihon-ma.co.jp
Address: Nihon M&A Center Inc.
TEKKO BUILDING,
24th Floor,
Tokyo,
100-0005,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2127 Common Shares The Tokyo Stock Exchange JP JPY 10. Oct 2006
OTCPK NHMA.F Common Shares Pink Sheets LLC US USD 10. Oct 2006
Number of employees
Current staff
Staff numbers
451
Nihon M&A Center employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 15:50
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/01/31
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.